Author: American Coins & Gold

First Mover Americas: Crypto Prices Little Changed, XRP Surges
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Wallet Linked to Nomad Bridge Hack Transfers M of Ether to Tornado Cash
A wallet linked to the $200 million hack of the Nomad bridge in 2022 transferred 14,500 ETH to sanctioned coin-mixing service Tornado Cash, according to blockchain security firm PeckShield.

Japan's Top Regulator Says Crypto-ETF Approvals Need 'Cautious Consideration:' Report
The boss of Japan’s Financial Services Agency (FSA) has said “cautious consideration” needs to be given to the decision of approving crypto-related exchange-traded funds.

Metaplanet Arranges Loan to Buy .8M of BTC
The Japanese company announced its plan to adopt bitcoin as a reserve asset to hedge against the volatility of the yen in May.

XRP Jumps 17%, Beating Bitcoin Gains, as Ripple-SEC Case Ends
Trading volumes nearly tripled and open interest on XRP-tracked futures jumped $200 million in the past 24 hours.

Bitcoin Faces Risk From 'Maxed Out' U.S. Consumers, Analyst Says
U.S. consumers are accumulating debt at a slower rate, data released Wednesday showed.

FTX, Alameda Ordered to Pay .7B to Creditors by U.S. Judge
United States District Judge Peter Castel passed the approval on August 7, a filing shows. It did not seek a civil monetary penalty.

Kamala Harris, Donald Trump Tied on Polymarket on Who Will Be The Next U.S. President
Donald Trump’s chances of winning the 2024 election have declined 13 percentage points in the last month.

Did Sanctioning Tornado Cash Work?
Sanctions are an effort to throw the weight of the U.S. dollar around to tamp down on activities the U.S. government thinks may be harmful – like money laundering to fund terror groups or rogue nations. The New York Federal Reserve thinks they had a real effect in crypto.

Brazil’s Securities and Exchange Commission Approves Solana-Based ETF
The Brazilian Securities and Exchange Commission (CVM) has approved a Solana-based exchange-traded fund (ETF), the agency disclosed in its central database.